Agent Update: Issue 83

Released 14 April 2021

HMRC have published Agent Update: Issue 83 (April 2021) providing latest guidance and news for tax agents and advisers.

HMRC have confirmed that from May 2021, Agent Update will be published on a monthly basis. The next edition will be published on 19 May 2021.

Issue 83 includes technical updates and reminders on the following topics:

Developments and changes to legislation and allowances relating to UK tax including:

Coronavirus (Covid-19) articles giving information on:

updated guidance

the Coronavirus Job Retention Scheme

a change to amending PAYE Settlement Agreements for Covid-19 items

A UK transition article about the Brexit Support Fund(#support-fund) for small and medium-sized enterprises being open for applications.

Tax articles giving information on:

there being no Self Assessment late filing penalty for customers who file online by 28 February – also covering the impacts for customers paying voluntary Class 2 National Insurance contributions

the Top Slicing Relief fully automated approach on life insurance policy gains

changes to off-payroll working (IR35) rules and to Real Time Information payroll and Self Assessment

extensions to Capital Allowances including First Year Allowances, business cars and lease rental restrictions

a change in Corporation Tax Self Assessment

updates to student loans

Income Tax budget announcements

VAT reverse charge on construction and building services

changes to the Construction Industry Scheme

VAT deferral new payment scheme

rates of Stamp Duty Land Tax for non-UK residents

extended filing dates for international mobile workers

‘•derivative contracts’ held by non-resident company landlords with a UK property business

the Trust Registration Service

minor amendments to Corporate Interest Restriction legislation

the official rate of interest for the 2021 to 2022 tax year

PAYE articles giving information on:

employer use of National Insurance contribution, category ‘M’ – Generic Notification Service (GNS) message

helping clients understand their Child Benefit entitlements

the Earlier Year Update (EYU)

correcting seasonal worker payroll using basic PAYE tools

registering for payrolling benefits and expenses

Making Tax Digital articles giving information on:

digital links

client Direct Debits

View Agent Update: Issue 83.

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